FACTBOX-CPPIB charts growth with swathe of acquisitions

Reuters Staff

5 Min Read

(In U.S. dollars unless noted)

Nov 10 (Reuters) - Here are major investments from the Canada Pension Plan Investment Board, which manages the national pension fund and had some C$138.6 billion ($138.6 billion) under management as of Sept 30.

The CPPIB is leading Canada’s deep-pocketed pension fund administrators. It has 17 million contributors and beneficiaries, and emerged almost unscathed from the global economic crisis, shielded by its long-term investment horizons.

Oct 5 - CPPIB announces plans to buy a further 10 percent stake in Toronto’s 407 Express Toll Route from Spain’s Ferrovial (FER.MC) for C$894 million. The deal will boost the fund’s stake in 407 ETR — a Toronto-area toll highway that generated C$560 million in revenue last year — to 40 percent once it closes a previous deal with Australia’s Intoll group ITO.AX.

Sept 20 - CPPIB buys stakes in eight Canadian shopping centers for C$230.5 million to expand its presence in the Canadian retail sector. Including C$105 million in assumed debt, the deal was valued at C$335.5 million.

Aug 27 - Australian toll-road operator Intoll Group ITO.AX said it recommended CPPIB’s takeover bid after it slightly enhanced its offer, valuing it at A$3.4 billion ($3.01 billion).

July 27 - Tomkins Plc TOMK.L, a British maker of car parts, industrial hoses and bath tubs, backs a 2.9 billion pound ($4.50 billion) takeover offer from Canadian investors including CPPIB that would be the year’s largest leveraged buyout. [ID:nLDE66Q0B4]

July 15 - CPPIB offers to buy Australian toll-road operator Intoll Group ITO.AX with a C$3.5 billion bid. [ID:nSGE66E00R] The offer comes just months after the collapse of a previous joint bid for another Australian toll-road group Transurban (TCL.AX). [ID:nSGE64A0MW]

May 10 - CPPIB buys into the Manhattan real estate market for the first time, taking stakes in skyscrapers valued at more than $1.45 billion. That includes a 45 percent stake in 1221 Avenue of the Americas, the McGraw-Hill building, from SL Green Realty Corp (SLG.N) for $576 million. [ID:nN10249446]

April 15 - CPPIB announces plans to invest in its first India-focused fund, committing up to $100 million. CPPIB says it committed to a fund that will invest across corporate sectors, called Multiples Alternate Asset Management. [ID:nN15102538]

June 30 - Shareholders in Australian investment firm Macquarie Communications Infrastructure Group vote in favor of a $1.3 billion takeover offer from CPPIB, one of the largest deals of the year to date. [ID:nSYD397051]